Deal of the Week: Georgetown on the Cheap
2516 Mill Road NW
Georgetown is known for a lot of things, but reasonably priced homes for the mere mortal is not one of them. This installment of Deal of the Week bucks that trend, however.
Originally a total of four servant quarters when they were built in the early 20th century, the two houses at 2514 and 2516 Mill Road NW have been residences for the past several decades. 2516 Mill Road NW has not been on the market since 1968, and not many upgrades have been made over the years, hence the low price.
Still, even if the kitchen, bathrooms and floors need to be renovated, nowhere in the neighborhood can you find a home this size at this price. And if the property we featured yesterday is any indication, this one won’t be around for very long.
More details below.
- Full Listing: 2516 Mill Road NW (map)
- Price: $499,000
- Bedrooms: Two
- Bathrooms: 1.5
- Year Built: 1900
- Listing Agent: Daryl Judy, Washington Fine Properties
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.96 percent.
- Loan Amount: $399,200
- Principal and Interest: $1,897
- Property Taxes: $415/month
- Total Monthly Payments: $2,312
See other articles related to: deal of the week, georgetown
This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_georgetown_on_the_cheap/5513.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Plans for the development at a prominent DC intersection began nearly eight years ago... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- First-Timer Primer: DC's Home Buyer Assistance Programs
- What Are the Annual Maintenance Costs When You Own a Home?
- 388-Unit Development At Site of North Capitol Street Exxon Nears Completion
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro